Latest news with #AnubhavMukherjee
Mint
21 hours ago
- Business
- Mint
790% rally in 5 years! Small-cap steel pipe maker's stock to be in focus after ₹300 crore rights issue update
Small-cap stock: Man Industries India Ltd's shares will be in focus of stock market investors on Tuesday, 3 June 2025, after the Board of Directors on Monday approved a rights issue of preferential shares and warrants, according to an exchange filing. The BSE filing data shows that the company aims to raise ₹ 300 crore from the rights issue of the preferential shares and the warrants. The company will be issuing 12,19,512 or over 12.19 lakh share warrants to Man Finance Pvt. Ltd. at the price of ₹ 328, amounting to ₹ 39.99 crore. The warrants will be convertible to equity shares in one or more tranches within 18 months from the date of allotment. Man Industries India will also issue 79,26,822 or over 79.26 lakh fully paid-up equity shares with a face value of ₹ 5 apiece, amounting to ₹ 259.99 crore from 26 non-promoter entities, according to the BSE filing. The company aims to use the ₹ 300 crore raised from the rights issue to fund its ongoing capital expenditure needs for the projects in Jammu and Saudi Arabia. They also seek to support the working capital needs and fuel their long-term growth and strategic initiatives. Man Industries shares closed 7.36 per cent higher at ₹ 403.15 after Monday's stock market session, compared to ₹ 375.50 in the previous market close. The company announced the rights issue approval development after market operating hours on 2 June 2025. Man Industries' shares have given stock market investors more than 795 per cent returns on their investments in the last five years, and 7.81 per cent gains in the last one-year period. On a year-to-date (YTD) basis, the shares have gained 23.39 per cent on the Indian stock market in 2025, and have jumped 50.24 per cent in the last one-month period. The stock hit its 52-week high level at ₹ 513 on 8 July 2025, while the 52-week low level was at ₹ 201.45 on 3 March 2025, according to data collected from the BSE website. The steel pipe maker's market capitalisation (M-Cap) was at ₹ 2,609.80 crore as of the stock market close on 2 June 2025. Read all stories by Anubhav Mukherjee
Mint
a day ago
- Business
- Mint
790% rally in 5 years! Small-cap steel pipe maker's stock to be in focus after ₹300 crore rights issue update
Small-cap stock: Man Industries India Ltd's shares will be in focus of stock market investors on Tuesday, 3 June 2025, after the Board of Directors on Monday approved a rights issue of preferential shares and warrants, according to an exchange filing. The BSE filing data shows that the company aims to raise ₹ 300 crore from the rights issue of the preferential shares and the warrants. The company will be issuing 12,19,512 or over 12.19 lakh share warrants to Man Finance Pvt. Ltd. at the price of ₹ 328, amounting to ₹ 39.99 crore. The warrants will be convertible to equity shares in one or more tranches within 18 months from the date of allotment. Man Industries India will also issue 79,26,822 or over 79.26 lakh fully paid-up equity shares with a face value of ₹ 5 apiece, amounting to ₹ 259.99 crore from 26 non-promoter entities, according to the BSE filing. The company aims to use the ₹ 300 crore raised from the rights issue to fund its ongoing capital expenditure needs for the projects in Jammu and Saudi Arabia. They also seek to support the working capital needs and fuel their long-term growth and strategic initiatives. Man Industries shares closed 7.36 per cent higher at ₹ 403.15 after Monday's stock market session, compared to ₹ 375.50 in the previous market close. The company announced the rights issue approval development after market operating hours on 2 June 2025. Man Industries' shares have given stock market investors more than 795 per cent returns on their investments in the last five years, and 7.81 per cent gains in the last one-year period. On a year-to-date (YTD) basis, the shares have gained 23.39 per cent on the Indian stock market in 2025, and have jumped 50.24 per cent in the last one-month period. The stock hit its 52-week high level at ₹ 513 on 8 July 2025, while the 52-week low level was at ₹ 201.45 on 3 March 2025, according to data collected from the BSE website. The steel pipe maker's market capitalisation (M-Cap) was at ₹ 2,609.80 crore as of the stock market close on 2 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
a day ago
- Business
- Mint
Gold price today: Yellow metal jumps nearly 2% as geopolitical, trade war worries spark safe-haven demand
Gold Price Today: Gold prices on India's Multi Commodity Exchange (MCX) jumped nearly 2 per cent on Monday, 2 June 2025, as investors moved back to safe-haven assets due to heightened geopolitical tensions and trade war worries. Gold futures of the 5 June 2025 contract jumped 1.7 per cent or ₹ 1,630 per 10 grams to hit an intraday high of ₹ 97,505 per 10 grams on Monday's commodity market session, compared to ₹ 95,875 per 10 grams in the previous market close last week. Investors tend to pull out their money from high-risk investments like the equity markets in case of geopolitical uncertainties in the global market. Safe-haven assets like gold and government treasuries are the focus of global market investors. Deveya Gaglani, a senior research analyst of commodities at Axis Securities, attributed the rise of the precious yellow metal gold to the intensifying geopolitical tensions between Russia and Ukraine after the drone attack on Sunday, 1 June 2025. 'The better-than-expected consumer data print from the USA and a mild recovery in the dollar index led to selling in the counter. During the weekend, geopolitical tension intensified between Russia and Ukraine after Russian warplanes were damaged due to a Ukrainian drone attack. This led to a gap-up opening in the MCX,' said the commodity market expert. (This is a developing story. Please check back for updates.) Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
Small-cap stock under ₹50 declares final dividend along with Q4 results 2025. Details here
Small-cap stock under ₹ 50: Hazoor Multi Projects Ltd announced their January to March quarter results for the financial year 2024-25 on Friday, 30 May 2025. The company recorded a nearly 69 per cent fall in net profits to ₹ 16.78 crore, compared year-on-year (YoY) with ₹ 53.93 crore, according to the consolidated statements. The real estate developers' revenue from core operations dropped 46 per cent to ₹ 249 crore in the fourth quarter of the 2024-25 fiscal year, compared to ₹ 464 crore in the same period the previous financial year. The shares of Hazoor Multi Projects will be in focus for stock market investors on Monday, 2 June 2025. Hazoor Multi Projects' Board of Directors on Friday, 30 May 2025, declared a final dividend of ₹ 0.20 per share with a face value of Re 1 apiece for the financial year 2024-25. This means that every eligible shareholder will receive a final dividend payment of ₹ 0.20 per share for every share they own in the company. 'The board has recommended to declare the final dividend of ₹ 0.20/- (Twenty Paise only) per equity share having face value of Re 1/- each, fully paid-up, i.e. 20% to the shareholders for the financial year 2024-25,' said the company in the exchange filing. The company has not declared the 'Record Date' for the dividend payment. However, the issue will be approved in the upcoming Annual General Meeting (AMG) of the company. Hazoor Multi Projects shares closed 1.93 per cent lower at ₹ 44.21 after Friday's stock market session, compared with ₹ 45.08 at the previous market session. The company announced its fourth quarter results and final dividend issue after stock market hours on Friday. Hazoor Multi Project shares have given stock market investors over 44,000 per cent return on their investment in the last five years and 16.62 per cent in the last one-year period. However, on a year-to-date (YTD) basis, the shares have lost 17.26 per cent in 2025, but are trading 16.40 per cent higher in the last one-month period. The shares hit their 52-week high level at ₹ 63.90 on 12 September 2024, while the 52-week low level was at ₹ 32 on 33 March 2025, as per BSE data. The company's market capitalisation (M-Cap) was at ₹ 937.35 crore as of stock market close on Friday, 30 May 2025. Read all stories by Anubhav Mukherjee
Mint
3 days ago
- Business
- Mint
Small-cap stock under ₹50 declares final dividend along with Q4 results 2025. Details here
Small-cap stock under ₹ 50: Hazoor Multi Projects Ltd announced their January to March quarter results for the financial year 2024-25 on Friday, 30 May 2025. The company recorded a nearly 69 per cent fall in net profits to ₹ 16.78 crore, compared year-on-year (YoY) with ₹ 53.93 crore, according to the consolidated statements. The real estate developers' revenue from core operations dropped 46 per cent to ₹ 249 crore in the fourth quarter of the 2024-25 fiscal year, compared to ₹ 464 crore in the same period the previous financial year. The shares of Hazoor Multi Projects will be in focus for stock market investors on Monday, 2 June 2025. Hazoor Multi Projects' Board of Directors on Friday, 30 May 2025, declared a final dividend of ₹ 0.20 per share with a face value of Re 1 apiece for the financial year 2024-25. This means that every eligible shareholder will receive a final dividend payment of ₹ 0.20 per share for every share they own in the company. 'The board has recommended to declare the final dividend of ₹ 0.20/- (Twenty Paise only) per equity share having face value of Re 1/- each, fully paid-up, i.e. 20% to the shareholders for the financial year 2024-25,' said the company in the exchange filing. The company has not declared the 'Record Date' for the dividend payment. However, the issue will be approved in the upcoming Annual General Meeting (AMG) of the company. Hazoor Multi Projects shares closed 1.93 per cent lower at ₹ 44.21 after Friday's stock market session, compared with ₹ 45.08 at the previous market session. The company announced its fourth quarter results and final dividend issue after stock market hours on Friday. Hazoor Multi Project shares have given stock market investors over 44,000 per cent return on their investment in the last five years and 16.62 per cent in the last one-year period. However, on a year-to-date (YTD) basis, the shares have lost 17.26 per cent in 2025, but are trading 16.40 per cent higher in the last one-month period. The shares hit their 52-week high level at ₹ 63.90 on 12 September 2024, while the 52-week low level was at ₹ 32 on 33 March 2025, as per BSE data. The company's market capitalisation (M-Cap) was at ₹ 937.35 crore as of stock market close on Friday, 30 May 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
